Daily Exchange Rate Forecasts

Daily Insight Category

AUD Down as Markets Respond to President Trump

Monday, January 23rd, 2017

As the day progressed on Friday, investor focus honed in on the upcoming Presidential inauguration. This sapped demand for risk-correlated assets and the Australian Dollar slumped. Positive domestic and Chinese data failed to help, even though home sales in Australia grew 6.1% during December and Chinese GDP surprised to the upside with a reading of [...]

Risk Appetite High, but Suggestion of BOC Rate Cut Tanks Canadian Dollar

Friday, January 20th, 2017

Strong labour market data supported the ‘Aussie’ yesterday. December was expected to see a rise in employment of 10,000, but instead saw job creation of 13,500. Although the unemployment rate edged higher from 5.7% to 5.8%, this was because of an increase in the number of people actively looking for work. Consumer inflation expectations also [...]

‘Aussie’ Remains Strong; Iron Exports on Track to Beat December Record

Thursday, January 19th, 2017

Continued strength in the iron ore market further supported the Australian Dollar yesterday, with prices remaining around their highest levels since October 2014. Data showed that exports from Port Hedland – Australia’s largest hub for iron ore exports by far – were on track to break December’s record 43.8 million tonnes. Domestic data was mildly [...]

AUD/GBP Tumbles as Theresa May Provides Brexit Reassurances

Wednesday, January 18th, 2017

A low-impact data slew yesterday was largely positive for the Australian Dollar, although there was nothing amongst the releases to generate any notable gains for the ‘Aussie’. While consumer confidence edged down by -0.8 points, investment lending saw an impressive rise of 4.9% in November; October’s was revised higher to 1.5%. Home loans also saw [...]

Pound Slumps on Strong Indications of ‘Hard Brexit’

Tuesday, January 17th, 2017

A strong US Dollar and a negative outlook for Australia’s banks weighed on the Australian Dollar yesterday, with the ‘Aussie’ slumping against a number of its peers. Ratings agency Fitch downgraded its outlook on the Australian banking sector, following a similar move from agency Moody’s made last August, while S&P cut its outlook in July. [...]

AUD, NZD Weaken as Chinese Trade Data Sparks Fears of Trade War with US

Monday, January 16th, 2017

Slowing Chinese trade figures heightened fears that a trade war with the US was on the horizon. Exports were down -6.1% on the year in December, compared to forecasts of -3.8%, while the trade surplus fell to US$40.82 billion instead of rising from US$44.61 billion to US$47.55 billion. China’s trade surplus with the United States [...]

Trump Conference ‘Disaster’ Boosts AUD, NZD Demand

Friday, January 13th, 2017

A combination of US Dollar weakness and continued iron ore price strength kept the Australia Dollar on a strong footing yesterday. Spot prices of iron – the on-the-day price for commodity trades – only inched higher, but Chinese iron ore futures rose over 3%. This suggests that the outlook for iron ore continues to be [...]

Risk Demand High Ahead of Trump News Conference

Thursday, January 12th, 2017

A sharp rebound for iron ore prices pushed the Australian Dollar into a strong advance yesterday. Spot prices for the mineral jumped 3.2%, building upon the previous day’s increase of 2.1%, to break above US$80 per tonne for the first time since the 19th of December. Lower grade iron ore prices also saw a strong [...]

Chinese Inflation Slows, Australian Consumer Confidence Jumps

Wednesday, January 11th, 2017

A 15-week high for Australian consumer confidence helped the Australian Dollar shake off the weight of other, less favourable, data releases. The ANZ Roy Morgan weekly consumer confidence index leapt from 113.4 to 120.1, with consumers feeling more optimistic on the general economic outlook. More Australians thought that the present was a good time to [...]

AUD/GBP Storms Higher on Fresh Fears of ‘Hard Brexit’

Tuesday, January 10th, 2017

The Australian Dollar trended bullishly yesterday, thanks to a combination of strong domestic data and an improved outlook for the economy. Building approvals saw a strong 7% surge on the month after an upwardly revised – but still disastrous – 11.8% slump in November and foreign reserves climbed by over AU$6 billion. Additionally, the Department [...]


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